MRIN, HUBC among major tech gainers; NOVA, RYDE among losers
- Gainers and Losers:
- Marin Software, Infobird Co, Hub Cyber Security, Nano Labs, and GCT Semiconductor Holding are top gainers.
- SMART Global Holdings, Ryde Group, Veritone, TTEC Holdings, and Sunnova Energy International are top losers.
- Market Performance:
- S&P 500 Information Technology Sector decreased by 1% to 3738.04.
- Software & Services sector is down by 1.3%, Technology Hardware & Equipment by 1.9%, and Semiconductors & Semiconductors Equipment by 0.4%.
- Technology Select Sector SPDR ETF (XLK):
- XLK may have potential for growth.
- It is starting to get overvalued.
- Future Stock Leaders:
- UBS predicts Health Tech and Fin Tech companies as global stock leaders for 2030.
- Overall Trend:
- Technology sector, particularly in specific subcategories, experienced mixed performance with some areas showing gains and others losses.
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Infobird Co Announces Convertible Promissory Note for Equity Acquisition
Infobird Co's Financial Move: Infobird Co has issued a Convertible Promissory Note worth approximately $5.95 million as part of an Equity Acquisition Agreement, offering flexible financing options and potential equity ownership changes for the lender.
Current Stock Performance: Infobird Co's stock has seen a year-to-date price decline of 77.96%, with a market cap of $4.59 million and a consensus rating of "Buy" from analysts.
Why Vision Marine Technologies Shares Are Trading Higher By 34%; Here Are 20 Stocks Moving Premarket
Vision Marine Technologies Surge: Vision Marine Technologies Inc. shares rose 34.3% to $2.96 in pre-market trading following a production partnership announcement with Massimo Marine for an electric pontoon platform.
Pre-Market Stock Movements: Several stocks experienced significant fluctuations in pre-market trading, with Eshallgo Inc. gaining 88% and Trident Digital Tech Holdings Ltd. falling 20.8%.
What's Going On With Infobird (IFBD) Stock Skyrocketing?
Infobird's Stock Surge: Infobird Co Ltd shares rose by 30.2% to $2.37 following the announcement of its acquisition of a 65% stake in Pure Tech Global Limited, valued at approximately $40 million.
Investment Options: Investors can purchase Infobird shares through brokerage accounts, including fractional shares, while those looking to short the stock must use options trading platforms or brokers that facilitate short selling.
Why Nutanix Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket
Nutanix Financial Results: Nutanix, Inc. shares rose 8.8% in pre-market trading after reporting first-quarter earnings of 42 cents per share and sales of $590.96 million, both exceeding analyst expectations.
Stock Movements: Various stocks saw significant movements in pre-market trading, with notable gainers including HWH International Inc. (+82.1%) and Cyclerion Therapeutics, Inc. (+72.8%), while Primega Group Holdings Limited experienced a sharp decline of 89.2%.
Why Infobird Stock Is Gliding Higher
- Equity Acquisition Agreement: Infobird Co. Ltd. has entered an agreement to acquire 65% of Pure Tech Global Limited's equity for approximately $40 million, expected to close in July 2024.
- Funding Details: The acquisition will be funded using $33 million in cash on hand and a $7 million promissory note.
- Market Reaction: Infobird shares are experiencing heavy trading volume post-announcement, with more than 2.18 million shares traded. The stock is below its 50-day moving average and near its 52-week low.
- Investing in Infobird: Interested investors can buy shares through brokerage accounts, including fractional shares. $100 would buy around 33.78 shares at the current price of $2.96.
- Shorting Infobird Stock: Shorting the stock requires access to options trading platforms or brokers allowing 'going short.' Investors can profit from share price declines by selling call options or buying put options.
ARCT, BITF and FRE are among premarket gainers
- Insmed (INSM) surged by 141% due to a late-stage win for lung disease therapy.
- Calliditas Therapeutics (CALT) saw a 71% increase after an offer to buy Calliditas Therapeutics for $1.1 billion.
- Predictive Oncology (POAI) rose by 58% following positive results from an ovarian cancer study with UPMC Magee-Womens Hospital.
- Agios Pharmaceuticals (AGIO) increased by 23% as it entered a pact with Royalty Pharma for a brain tumor candidate.
- Gamestop Corporation (GME) resumed its meme-fueled rally with a 24% increase after completing an offering.
Infobird Co Announces Convertible Promissory Note for Equity Acquisition
Infobird Co's Financial Move: Infobird Co has issued a Convertible Promissory Note worth approximately $5.95 million as part of an Equity Acquisition Agreement, offering flexible financing options and potential equity ownership changes for the lender.
Current Stock Performance: Infobird Co's stock has seen a year-to-date price decline of 77.96%, with a market cap of $4.59 million and a consensus rating of "Buy" from analysts.
Why Vision Marine Technologies Shares Are Trading Higher By 34%; Here Are 20 Stocks Moving Premarket
Vision Marine Technologies Surge: Vision Marine Technologies Inc. shares rose 34.3% to $2.96 in pre-market trading following a production partnership announcement with Massimo Marine for an electric pontoon platform.
Pre-Market Stock Movements: Several stocks experienced significant fluctuations in pre-market trading, with Eshallgo Inc. gaining 88% and Trident Digital Tech Holdings Ltd. falling 20.8%.
What's Going On With Infobird (IFBD) Stock Skyrocketing?
Infobird's Stock Surge: Infobird Co Ltd shares rose by 30.2% to $2.37 following the announcement of its acquisition of a 65% stake in Pure Tech Global Limited, valued at approximately $40 million.
Investment Options: Investors can purchase Infobird shares through brokerage accounts, including fractional shares, while those looking to short the stock must use options trading platforms or brokers that facilitate short selling.
Why Nutanix Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket
Nutanix Financial Results: Nutanix, Inc. shares rose 8.8% in pre-market trading after reporting first-quarter earnings of 42 cents per share and sales of $590.96 million, both exceeding analyst expectations.
Stock Movements: Various stocks saw significant movements in pre-market trading, with notable gainers including HWH International Inc. (+82.1%) and Cyclerion Therapeutics, Inc. (+72.8%), while Primega Group Holdings Limited experienced a sharp decline of 89.2%.
Why Infobird Stock Is Gliding Higher
- Equity Acquisition Agreement: Infobird Co. Ltd. has entered an agreement to acquire 65% of Pure Tech Global Limited's equity for approximately $40 million, expected to close in July 2024.
- Funding Details: The acquisition will be funded using $33 million in cash on hand and a $7 million promissory note.
- Market Reaction: Infobird shares are experiencing heavy trading volume post-announcement, with more than 2.18 million shares traded. The stock is below its 50-day moving average and near its 52-week low.
- Investing in Infobird: Interested investors can buy shares through brokerage accounts, including fractional shares. $100 would buy around 33.78 shares at the current price of $2.96.
- Shorting Infobird Stock: Shorting the stock requires access to options trading platforms or brokers allowing 'going short.' Investors can profit from share price declines by selling call options or buying put options.
ARCT, BITF and FRE are among premarket gainers
- Insmed (INSM) surged by 141% due to a late-stage win for lung disease therapy.
- Calliditas Therapeutics (CALT) saw a 71% increase after an offer to buy Calliditas Therapeutics for $1.1 billion.
- Predictive Oncology (POAI) rose by 58% following positive results from an ovarian cancer study with UPMC Magee-Womens Hospital.
- Agios Pharmaceuticals (AGIO) increased by 23% as it entered a pact with Royalty Pharma for a brain tumor candidate.
- Gamestop Corporation (GME) resumed its meme-fueled rally with a 24% increase after completing an offering.
